Tulsa Company has the following data available: 2X13 2X12 2X11 Sales (all credit sales) $800...
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Accounting
Tulsa Company has the following data available: 2X13 2X12 2X11 Sales (all credit sales) $800 $740 $675 Less Cost of Goods Sold 525 490 450 Gross Profit $275 $250 $225 What is the gross profit rate for Tulsa Company in 2X13? Has the gross profit rate improved or not improved since 2X12?
Select one: A. 52.4%, improved B. 52.4%, not improved C. 23.3%, improved D. 34.4%, not improved E. 34.4%, improved
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